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Jan 28, 2013
01/13
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boeing and caterpillar, but i didn't. i think jpmorgan, chevron, and disney are my picks in the dow. >> i want to get back to why you didn't chose those in a second. but peter, let's talk about your picks and where the stocks will be in terms of riding this market in the next five to six years. how do you see the broad landscape of the markets and the sectors? >> you know, broad landscape, i think appreciation of 5% to 7% per year plus a 2% yield over the period of time would be very acceptable to me. obviously it's not going to be a straight line. three picks, i would go with companies like proctor and gamble, johnson & johnson and chevron as well. counting on a growing emerging middle class worldwide. personal care products. people are going to be brushing their teeth. they're going to be taking their medicines and more of them will be driving cars over the next six years. i would shy away from the banks. jpmorgan and bank of america. unlike the previous speaker because i think the regular story environment for banks is
boeing and caterpillar, but i didn't. i think jpmorgan, chevron, and disney are my picks in the dow. >> i want to get back to why you didn't chose those in a second. but peter, let's talk about your picks and where the stocks will be in terms of riding this market in the next five to six years. how do you see the broad landscape of the markets and the sectors? >> you know, broad landscape, i think appreciation of 5% to 7% per year plus a 2% yield over the period of time would be...
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Jan 24, 2013
01/13
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update on boeing. shake up at the nyse. >> what else? >> lots of things coming up. i will also duck out early because i'm doing "closing bell" as well as the new york stock exchange. >> wow, so repeating everyday. >> it really is. >> it is. fantastic. we are back right after this. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> welcome back, everybody. what you are looking at is an empty podium there. watching live tv. we are monitoring two events that are just about to happen any time now. first of all, at the white house, the president is set to announce the nomination of former u.s. attorney mary jo
update on boeing. shake up at the nyse. >> what else? >> lots of things coming up. i will also duck out early because i'm doing "closing bell" as well as the new york stock exchange. >> wow, so repeating everyday. >> it really is. >> it is. fantastic. we are back right after this. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. omnipotent of...
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Jan 30, 2013
01/13
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boeing shares are up by about 60 cents. more with phil lebeau on this and two analysts. >>> remember, we're watching u.s. equity futures. the dow up 70 points yesterday and with closing price just 46 points away of putting the dow back above 14 thousand would be the first time that happened since october of 2007. this morning, the futures are indicated higher with dow futures up 12 1/2 points and s&p up by just over a point. overseas in asia overnight, the nikkei was up by about 2 and a quarter percent and the shanghai up as well. in europe, there are modest declines. dax down by 15 points and cac by 6 points and ftse by 3 1/2. >>> and founder and co-founder aubrey mcclendon announced he will be stepping down in april. a series of reports triggered criminal investigations and looking into whether mcclendon crossed the line by mixing personal business and possible anti-trust violations. the shareholders took control in june stripping the chairman of his title and carl icahn took one of those slots. >>> another one we're foll
boeing shares are up by about 60 cents. more with phil lebeau on this and two analysts. >>> remember, we're watching u.s. equity futures. the dow up 70 points yesterday and with closing price just 46 points away of putting the dow back above 14 thousand would be the first time that happened since october of 2007. this morning, the futures are indicated higher with dow futures up 12 1/2 points and s&p up by just over a point. overseas in asia overnight, the nikkei was up by about 2...
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Jan 30, 2013
01/13
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-- reaction to boeing unless they say we're going to change? >> very much so. the boeing management are not in a position to give anything definitive at this stage. so they will not be able to give us very much. that's the big question actually for the forecast going forward, 2013 earning. this creates major uncertainty. how many -- how many aircraft are they going to deliver, what kind of provisions will they need to take. >> that's what i was going ask. that seems to be one area of 401( focus for investors. any idea of expectations there? >> you have two lots of potential provisions. one is the delay and the disruption that causes the company. so the costs incurred by the company. in addition to that you have potentially consequential damages. 50 aircraft are grounded. so the airlines will want compensation. there are going to be further delays of deliveries now, 50 aircraft. if you put one million per aircraft per month, it soon adds up. >> absolutely. and i wonder to what extent this changes the investment thesis forgoing. >> at this stage,
-- reaction to boeing unless they say we're going to change? >> very much so. the boeing management are not in a position to give anything definitive at this stage. so they will not be able to give us very much. that's the big question actually for the forecast going forward, 2013 earning. this creates major uncertainty. how many -- how many aircraft are they going to deliver, what kind of provisions will they need to take. >> that's what i was going ask. that seems to be one area...
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Jan 29, 2013
01/13
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here is what the street is expecting from boeing. these numbers, most people are saying this is important but it's really the guidance. that's what we're going to be focused on, under the circumstances past eps the other aspect of the commercial airline gets attention, 737, this is the workhorse for boeing. increased production to 38 a month starting this quarter. as you go into building the the third 737 assembly line in renton, washington, that's going to get a lot of tension particularly because they have the 737 max in development. this is the future workhorse for boeing. they already have a backlog of more than 1,000 orders. it is expected to enter service in 2017. this is the next launch they have to make a smooth launch over the next three years. as you take a look at this stock chart or last month, sue and tyler, i thought this was fascinating. the parent of airbus up 20%, shares of boeing not surprising given dreamliner problems down 1.4%. that says a lot in terps of the split in performance. we'll be watching numbers first
here is what the street is expecting from boeing. these numbers, most people are saying this is important but it's really the guidance. that's what we're going to be focused on, under the circumstances past eps the other aspect of the commercial airline gets attention, 737, this is the workhorse for boeing. increased production to 38 a month starting this quarter. as you go into building the the third 737 assembly line in renton, washington, that's going to get a lot of tension particularly...
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Jan 24, 2013
01/13
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michael dell is on order to buy a boeing 787 dreamliner. i don't know if it is him per se buying it or whether the corporation that behind him that does it. >> this is a mystery p.m. pep familiar with him say it isn't his style to have a big plane like this. it is done through international leasing. it could be that the family office, the company that manages his family's vast wealth, maybe use it for who knows what. or maybe they'll lease it out. people do that. just like you buy property and rent it. can you buy a plane and rent it out. maybe that's what he is doing. >> what do you think, john? >> a few years ago, dell had a probably with batteries, lighting on fire in lap tops. he boeing's problems, and thought would he help out. >> a sympathy play? >> yeah. >> we will leave it at that. >>> dance in front. mona lisa? the xbox is in a place that you would never have expected. we will explain when we come back on "power." platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#:
michael dell is on order to buy a boeing 787 dreamliner. i don't know if it is him per se buying it or whether the corporation that behind him that does it. >> this is a mystery p.m. pep familiar with him say it isn't his style to have a big plane like this. it is done through international leasing. it could be that the family office, the company that manages his family's vast wealth, maybe use it for who knows what. or maybe they'll lease it out. people do that. just like you buy...
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Jan 24, 2013
01/13
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this is a supplier to boeing with the 787 dreamliners. they make the charger for the lithium ion batteries. he said he warned his superiors that the batteries were not safe and said the company ignored his warning. just a few minutes ago he described what happened when he saw one of these lithium ion batteries exemployed proceed. >> it wasn't even running and this lithium ion battery just decided to explode, and when thick exploded, the best way to describe it is where i was sitting, now there was an f-16 jet after burner shoos sho-- shooting out about ten feet where i was sitting and the magnitude of energy coming out of this battery, i cannot quantify it. >> us a take a look at shares of boeing since the 17th, which is when they were grounded by the federal aviation administration, we should point out that we've reached out to secure plane technologies for a comment regarding the concerns and not heard back from them. no closer to determining why these batteries malfunctioned and until that happens it's unlikely we'll see these planes c
this is a supplier to boeing with the 787 dreamliners. they make the charger for the lithium ion batteries. he said he warned his superiors that the batteries were not safe and said the company ignored his warning. just a few minutes ago he described what happened when he saw one of these lithium ion batteries exemployed proceed. >> it wasn't even running and this lithium ion battery just decided to explode, and when thick exploded, the best way to describe it is where i was sitting, now...
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Jan 28, 2013
01/13
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the story. >> boeing's story is bad. housing, everything housing that i've seen. it's just nonstop. georgia gold up today. pvc piping. raw costs, again, microcosm of america, raw costs, natural gas down. we're flaring more natural gas than ever before. so you get all these different bull markets at once. we're going to hear from dave here. aerospace, bull market. ford and gm, people saying, listen, they may not be that great because of currency. >> we're going to get kay schiller, speaking of housing, tomorrow. and how he's saying, i'm not sure that there is a solid recovery. in other words, i'm not going to predict what prices will do next. interesting. even though they've had a pretty good run here. >> when we talk about housing, we talk about being up, what, 20%, 25% over last year in terms of new homes, we're coming off a historic bottom. it's still not huge numbers in and of themselves. >> i spoke to dan fulton on friday, the warehouser ceo. fabulous ceo. china, needs our lumber. japan, finally rebuilding from fukus
the story. >> boeing's story is bad. housing, everything housing that i've seen. it's just nonstop. georgia gold up today. pvc piping. raw costs, again, microcosm of america, raw costs, natural gas down. we're flaring more natural gas than ever before. so you get all these different bull markets at once. we're going to hear from dave here. aerospace, bull market. ford and gm, people saying, listen, they may not be that great because of currency. >> we're going to get kay schiller,...
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Jan 31, 2013
01/13
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and batteries and all the issues that boeing is going through. if you could put yourself in a place, i'm sure you probably don't want to be in that place. if you were running that company, what do you do right now? >> well, first of all, i think jim mcnerney is a great leader and i've seen him work through these issues before at general electric when he went in to aircraft engine, and we were trying to develop the ge-90. >> you guys still friendly? >> we're still friendly. i think the world of jim. you know, i've seen him lead through these kinds of issues before, joe. remember we were the first to do the composite blade. they were having all types of challenges. if you think about the engine, and the complexity there and what he led aircraft engine through, you know, the dreamliner, andrew, in order of magnitude, is significantly bigger. so, all of the issues that jim has taken on from electronics to lightweight, et cetera, he'll work through this one. you know, it's unfortunate but i'm confident he'll work through it. he's very open. he's candi
and batteries and all the issues that boeing is going through. if you could put yourself in a place, i'm sure you probably don't want to be in that place. if you were running that company, what do you do right now? >> well, first of all, i think jim mcnerney is a great leader and i've seen him work through these issues before at general electric when he went in to aircraft engine, and we were trying to develop the ge-90. >> you guys still friendly? >> we're still friendly. i...
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Jan 28, 2013
01/13
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one is this boeing world which will be following this. but they end up being the hugest part of the biggest part of these of these capital goods orders. and then you want to look at everything else, which is the barometer of a couple of things. one is as jeff suggested, how the capital goods makers themselves are doing but a sign of confidence in the economy. am i ordering the kind of stuff that's going to help me produce more stuff in the future. and that's something that we might follow. >> we didn't follow our debts over the fiscal cliff. now we've got the debts you say quickly in my ear, i didn't hear what you said. >> here's some of the tension that we found. biggest risk, i talked to a bunch of guys on interest rate desks out there and they don't really. what they thought the fed was going to do in terms of more. it was the last question. guys on the interest rate desk i talk to in europe that trade euro and interest rate futures they're wondering is the fed going to end earlier than they think. that's their risk and concern. 2012,
one is this boeing world which will be following this. but they end up being the hugest part of the biggest part of these of these capital goods orders. and then you want to look at everything else, which is the barometer of a couple of things. one is as jeff suggested, how the capital goods makers themselves are doing but a sign of confidence in the economy. am i ordering the kind of stuff that's going to help me produce more stuff in the future. and that's something that we might follow....
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Feb 1, 2013
02/13
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the airline says it has had time to deal with the issues raised by boeing's dreamliner. there's a strike authorization question on a ballot. the ballot will go to members next week and obviously an engineer strike could cripple production of the airline. >>> metlife is buying the largest chile pension business for about $2 billion. >>> the senate has passed legislation to allow the government to keep borrowing money at least through may 19th. the measure postpones spending and tax cuts for at tleeft two months. the obama administration's decision on the keystone oil pipeline won't be made until at least june. that's according to a u.s. officials. the projects has been pending for more than 4 1/2 years. of course, we've had lots of debate about the pipeline even here around this table. >> let's check on the markets this morning. the futures are probably going to be what steady as we go. we'll see what happens at 8:30. but not bad so far. that would be getting back almost exactly what we lost yesterday. we lost about 49 points. and there's a lot of -- it was a great januar
the airline says it has had time to deal with the issues raised by boeing's dreamliner. there's a strike authorization question on a ballot. the ballot will go to members next week and obviously an engineer strike could cripple production of the airline. >>> metlife is buying the largest chile pension business for about $2 billion. >>> the senate has passed legislation to allow the government to keep borrowing money at least through may 19th. the measure postpones spending and...
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Jan 25, 2013
01/13
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that's the primary concern for boeing. back to you. >> for the moment, phil, how long will it be grounded? >> that's a good question. if we're looking at something that goes for several months, it's a different story. maybe you have the airlines saying, okay, we're not too pleased we're going to have to wait this long. keep in mind, there's only 50 of these out in service that the airlines have had to cancel flights and substitute aircraft. it's not a huge grounding in terms of numbers of aircraft being brought down. >> but there are many on order. >> absolutely. >> who in the middle east is going to go, you know what, maybe the dreamliner isn't worth it for us. >> if you were in line to get one in 2015, are you going to jump out of line to get one from airbus? you're going to be in the back of the line at airbus, and that will put you back to 2019, 2020. >> phil, thank you very much. phil lebeau for the latest on the dreamliner 787. >>> apple in a downward spiral as research in motion surges. what are they saying about th
that's the primary concern for boeing. back to you. >> for the moment, phil, how long will it be grounded? >> that's a good question. if we're looking at something that goes for several months, it's a different story. maybe you have the airlines saying, okay, we're not too pleased we're going to have to wait this long. keep in mind, there's only 50 of these out in service that the airlines have had to cancel flights and substitute aircraft. it's not a huge grounding in terms of...
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Jan 29, 2013
01/13
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when we think of boeing and the faa, that's going to be a great airplane. our fleet, the a-320s, we have the youngest fleet of the major carriers in the united states. and we'll start to take, this year, 14 new aircraft and most importantly, sharklets on the aircraft. we think that is going to improve fuel efficiency -- >> the tips of the wings to make them more streamlined. >> we'll see them in the airbus fleet. we closed the year with 130 airbus aircraft. that's a lot, right? so, it's going to make a big difference for our company. >> in terms of the super bowl wit, is this going to be a positive for the quarter? you are adding flights between baltimore and new orleans, serving what, hot buffalo wing pretzels on the flight. >> it's just great to have the tvs on the airline. in fact, this show is on channel 15 right now and we're going to carry 80,000 customers today. we think about "fast money" at altitude, or the ability to really promote the super bowl, the battle of the harbaughs, if you will. >> only channel that works? >> only cnbc on the flight. >>
when we think of boeing and the faa, that's going to be a great airplane. our fleet, the a-320s, we have the youngest fleet of the major carriers in the united states. and we'll start to take, this year, 14 new aircraft and most importantly, sharklets on the aircraft. we think that is going to improve fuel efficiency -- >> the tips of the wings to make them more streamlined. >> we'll see them in the airbus fleet. we closed the year with 130 airbus aircraft. that's a lot, right? so,...
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Jan 30, 2013
01/13
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the dow component boeing rising pre-market. it earned $1.28 a share in the fourth quarter, beating wall street estimates. it expects no significant impact from any faa directives involving its 787 dreamliner, and is maintaining its production and delivery forecast. let's get to the gdp number. it is apparent that the economy came to somewhat of a screeching halt in the last two months of the year. >> i think cnbe played a big role. i'll calis a one off number. the reason i call it a one off number is there are way too many companies who reported during this period that did not see this level up -- well, let's just say no growth whatsoever. >> decline. that being said, it may be a one off, but it's still a bit surprising, if not scary. >> well, does it not say that the fed's been right in what it's been doing. >> it does. it does. and again, sandy, we talked so often about consumers pulling back. although that doesn't necessarily appear to be where a lot of this was. >> yeah, sandy, the government -- sandy destroyed $8.6 billion
the dow component boeing rising pre-market. it earned $1.28 a share in the fourth quarter, beating wall street estimates. it expects no significant impact from any faa directives involving its 787 dreamliner, and is maintaining its production and delivery forecast. let's get to the gdp number. it is apparent that the economy came to somewhat of a screeching halt in the last two months of the year. >> i think cnbe played a big role. i'll calis a one off number. the reason i call it a one...
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Jan 29, 2013
01/13
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mark carney, the chairman of the fsc and the incoming boe governor, he sees no signs of complacency just yet. but as he pointed out during the press conference yesterday, there is still a big downside risk for the economy. i'm quoting him now. given the weak growth prospects and high levels of public and private sector debt. kelly. >> carolin, thanks so much for that. i think we'll have more of that interview, too, in the next hour of the program. in the meantime, it's the 20th birthday for the etf. we know to know whether you've invested in these products and have etf changed your trading habits for better or worse? worldwide@cnbc.com. tweet us, @cnbcwex or individually. allan miller, you guys have three main funds, all of which invest etfs. >> yes, they did. >> why? >> well, because one of the reasons why etfs are so unpopular for a manager is you have more diversification, less you cost, more liquidity and it's easier and cheaper to deal with. that's why more and more private investors like it and more and more fund managers don't like it because they offer wealth. >> but do they offe
mark carney, the chairman of the fsc and the incoming boe governor, he sees no signs of complacency just yet. but as he pointed out during the press conference yesterday, there is still a big downside risk for the economy. i'm quoting him now. given the weak growth prospects and high levels of public and private sector debt. kelly. >> carolin, thanks so much for that. i think we'll have more of that interview, too, in the next hour of the program. in the meantime, it's the 20th birthday...
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Jan 25, 2013
01/13
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that was finally boeing u.s. safety regulators are nowhere near finishing an investigation according to sources. and they also, i guess, are talking about circuit board, cheap little circuit board which now could be part of the issue, i guess, and commentary that could you imagine if you know these crappy little circuit boards that don't cost very much money at all could be grounding the 787. we're going to hang with these guys now, right? i want to talk to austan. this is a continuation of our last conversation and i'd like you here. both of us agreed on camera, we agree on a lot of things, but we agree hat what we want is the private -- >> private sector should be driving growth. >> and then if it were 4% growth, tax receipts go up, more people have jobs. >> yep. >> the government can afford to do more things. so we're both in total agreement. >> yeah. >> that the private sector is what we want -- >> yeah. that is above -- sustainable growth. >> that's all we really should be thinking about. >> absolutely. >> t
that was finally boeing u.s. safety regulators are nowhere near finishing an investigation according to sources. and they also, i guess, are talking about circuit board, cheap little circuit board which now could be part of the issue, i guess, and commentary that could you imagine if you know these crappy little circuit boards that don't cost very much money at all could be grounding the 787. we're going to hang with these guys now, right? i want to talk to austan. this is a continuation of our...
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Jan 29, 2013
01/13
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take a look at shares of boeing. could this possibly impact the 787 investigation. for what it's worth, my sense is it will not have an impact. they already made the decision they need to find the root problems and then determine the grounding of the dreamliners. let's look at ford earnings. these were better than expected beating the street by a wide margin. ford coming in earning 31 cents per share. the street was expecting 25 pierzynski share profit. revenue better than expected coming in at $36.5 billion. the revenue was a billion and a half stronger than expected. it boosted american profits by nearly $1 billion. why? stronger pricing, better sales, and a market that's booming right now. also, the profit margins in north america, 8.4% in the fourth quarter, versus 4.5% last year. that's the good news. the bad news, and a bit of a surprise for wall street, ford projecting a greater than expected loss in europe this year. the company says it now expects to lose $2 billion in europe. it was expected to lose $1.75 billion this year. they've upped that by another $2
take a look at shares of boeing. could this possibly impact the 787 investigation. for what it's worth, my sense is it will not have an impact. they already made the decision they need to find the root problems and then determine the grounding of the dreamliners. let's look at ford earnings. these were better than expected beating the street by a wide margin. ford coming in earning 31 cents per share. the street was expecting 25 pierzynski share profit. revenue better than expected coming in at...
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Jan 24, 2013
01/13
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making the charge there in '07, boeing, hp, exxon, mcdonald's and honeywell. best performing dow components in the four years leading up to this rally, amex, home depot, cat, disney and ibm. >> wow. the nasdaq, no surprise, in the red. mainly because of apple, which is down by about 10% at this hour. sima modi has more. >> no surprise the nasdaq is vastly underperforming the major indices thanks to am. shares down about 10% at the moment. market technician telling me the next support level is 425, something to watch. when apple sneezes, the nasdaq catches a cold and so do some of its component suppliers. here is a couple to take note of. sirius logic down 10%, specializes in analog chips. skyworks solutions works on wireless radio component nuance communications, which is said to be behind the mobile app siri and avago behind the iphone 5 and the ipad 3. and lastly, omnivision, a leader in the digital camera center space is said to be used in the iphone face time app. a couple the chip stocks under pressure today, look at broadcom and qualcomm, said to be behi
making the charge there in '07, boeing, hp, exxon, mcdonald's and honeywell. best performing dow components in the four years leading up to this rally, amex, home depot, cat, disney and ibm. >> wow. the nasdaq, no surprise, in the red. mainly because of apple, which is down by about 10% at this hour. sima modi has more. >> no surprise the nasdaq is vastly underperforming the major indices thanks to am. shares down about 10% at the moment. market technician telling me the next...
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Jan 29, 2013
01/13
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dow component boeing set to report. we have analysts ready to break down the fourth quarter release. plus, employment numbers that could move the markets. we'll give private sector jobs numbers from adp. "squawk box" starts tomorrow at 6:00 a.m. eastern. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪
dow component boeing set to report. we have analysts ready to break down the fourth quarter release. plus, employment numbers that could move the markets. we'll give private sector jobs numbers from adp. "squawk box" starts tomorrow at 6:00 a.m. eastern. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking...